Juniper Research are predicting a 10 fold increase in the numbers using mobile banking, by 2011. Courtesy of finextra. Finextra: Mobile banking numbers to pass 800 million by 2011 – Juniper The number of people accessing banking services via their mobile phones is set to soar to 816 million by 2011 – a ten fold increase on 2007, according to a global study by analyst house Juniper Research In a related point there was a discussion today on twitter about an apparent drop in use of online banking reported by Comscore, and how this could be [speculation] contributed to by … Continue reading Mobile banking numbers to pass 800 million by 2011 – Juniper

A powerful view of the extent of reliance on consumer debt in UK, and the US numbers will be at least as big relative to the economy. Thousands to have usual credit lines cut off – Times Online Almost 600,000 people will be unable to refinance their debts this year after finding their usual lines of credit cut off, forcing them to go bust or sign expensive “bankruptcy-lite” agreements. About one million Britons are struggling with £25 billion of unsecured borrowings that they cannot repay – “problem debt” averaging £25,000 each – according to a report by TDX Group Continue reading Thousands to have usual credit lines cut off

I rarely if ever do this, out of respect for my subscription to FT, however here is one of these occasions, and I hope they don’t mind. I am just a blogger, but I have been blogging consistently since March 07 about how the sub prime crisis will change everything in banking, and in the economy. For the full list see here. Its scary how long this has been a topic on this blog! That leads into …. I have never met Gordon Brown, but there are (at least) three thoughts that leap out at me from this FT piece, … Continue reading Exactly who is running the show?

Interesting shifts in the equity markets characterised by rise of hedge funds and investment alternatives for very wealthy only, and closed to individual investors. Goldman Takes ‘Private’ Equity To a New Level – WSJ.com These markets will generally be closed to individual investors. For instance, Goldman’s market is open only to large institutional investors with assets of more than $100 million. That is because the stocks traded on GS TRuE aren’t registered with the Securities and Exchange Commission and issuers aren’t subject to SEC regulations designed to protect individual investors. It represents the latest step in the creeping exclusion of … Continue reading Goldman Takes
‘Private’ Equity
Goldman Sachs takes ‘Private’ equity to a new level